LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0660%/8h= +72.3% APRnext payment +$0.83 per $10,000 · paid last 24h +0.136%

Price spread now: Coinbase International against Backpack+0.411%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.448%+$45 on $10k

Price spread, last 3 days (all we have)−0.341%−$34 · spread now +0.411%, 7d avg +0.139%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Coinbase International is 0.272% dearer against Backpack than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.139%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.448% in total (about 23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.324	0.0052	pay 0.0006% / 1h	17m 39s	$161K	$268K	10x
Short	Coinbase International LTC-PERP-INTX	62.580	0.0712	get 0.0089% / 1h	17m 39s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now +0.411%Rate

Funding earned: $138.61
Price spread: +0.411% → +0.139%: $27.19
Slippage, 4 orders: −$19.96
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $125.84
Costs to cover: 0.400%
Break-even: 0.6 days

Slippage from Backpack: live order book, 6 min ago; Coinbase International: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 6 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.40 bp	12.9 bp −$13	18.2 bp −$182	doesn't fit	doesn't fit

LTC on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps LTC-USD	−0.0307%	1h	62.306	−0.029%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0082%	8h	62.432	+0.173%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0029% / S +0.0259%	1h	62.364	+0.065%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0029%	8h	62.360	+0.058%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.375	+0.082%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.395	+0.114%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.374	+0.080%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.767%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERPlong	+0.0052%	1h	62.324	long leg	$161K	$268K	10x
Bybit LTCUSDT	+0.0083%	8h	62.370	+0.074%	$79.0M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.449	+0.201%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.360	+0.058%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.373	+0.078%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.330	+0.010%	$253K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.430	+0.170%	$38.4M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.430	+0.170%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.368	+0.071%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.380	+0.090%	$96.5M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.360	+0.058%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	+0.090%	$61.7M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.370	+0.074%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.370	+0.074%	$32.4M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.370	+0.074%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.410	+0.138%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.365	+0.066%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.460	+0.218%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.450	+0.202%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.340	+0.026%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.330	+0.010%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.360	+0.058%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.362	+0.062%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.359	+0.056%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.360	+0.058%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.400	+0.122%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.333	+0.015%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0539%	1h	62.360	+0.058%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.580	+0.411%	$1.2M	$2.1M	50x